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dangote cement plc (DANGCEM) Details

Dangote Cement Plc is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria, West and Central Africa, and East and South Africa. The company was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010. Dangote Cement Plc was incorporated in 1992 and is based in Lagos, Nigeria. Dangote Cement Plc is a subsidiary of Dangote Industries Limited.

The Benue State government is reportedly planning to sell off NGN 20 billion worth of shares in Dangote Cement Plc (NGSE:DANGCEM) in the coming months. The sale, planned to take place on the floor of the Nigerian Stock Exchange, will begin with the sale of about 30 million shares, valued at over NGN 7 billion, from the over 90 million shares the state holds in Dangote Cement.

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